• Rackspace Fanatical Support: Not Such a Fanatical Opening Trading Day

    Rackspace Fanatical Support: Not Such a Fanatical Opening Trading Day

    Rackspace started trading today on the New York Stock Exchange.  The ticker symbol is RAX.  Initially San Antonio based Rackspace planned on raising 400 million, but due to market conditions, they ended up raising a total around $187 million at $12.50 a share. This would value the company around $1.45 billion.  Goldman Sachs, Merrill Lynch
    Read More…